earnings
confidence high
sentiment negative
materiality 0.55
Perdoceo Q2 revenue down 4.5% to $167.7M; enrollments fall 7%
PERDOCEO EDUCATION Corp
2022-Q2 EPS reported
$0.83
revenue$350,643,000
- Q2 revenue $167.7M (down 4.5% YoY); CTU revenue -1.5%, AIUS -8.6%.
- GAAP diluted EPS $0.37 (flat YoY); adjusted diluted EPS $0.42 vs $0.41.
- Total student enrollments 40,100, down 7.0% (CTU -2.3%, AIUS -14.5%).
- Cash, equivalents, restricted cash and ST investments $516.8M.
- Year-to-date revenue $350.6M (-2.4%); op income $77.6M (+1.4%).